**COMMON TERMS AGREEMENT** 

  

 **THIS COMMON TERMS AGREEMENT** (this “CTA”) is made as of August 15, 2003 **BETWEEN:** 

  




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|   | (1) | AVIATION FINANCIAL SERVICES INC. (“AFSI”); and  |

  




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|   | (2) | AIRTRAN AIRWAYS, INC. (“AIRTRAN”).  |

  

 WHEREAS: 

  




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|   | (A) | Pursuant to a Lease Transaction Agreement dated as of July 1, 2003 between AFSI and AIRTRAN, AIRTRAN or one of its Affiliates has agreed to lease certain Boeing 737-700 or 737-800,
as applicable, series aircraft from AFSI or one of its Affiliates and AFSI or one of its Affiliates has agreed to lease certain Boeing 737-700 or 737-800, as applicable, series aircraft to AIRTRAN or one of its Affiliates;  |


 




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|   | (B) | Each party hereto wishes to provide in one document for certain common terms and conditions, as hereinafter provided in this CTA, that will be applicable, unless otherwise stated,
to each such lease referred to in Recital (C); and  |